Grayscale SEC approval of GDLC big step with multi crypto fund

SEC approves Grayscale SEC GDLC fund with BTC, ETH, XRP, SOL and ADA

A Major Step for Digital Assets

Grayscale’s Digital Large Cap Fund ($GDLC) has received Securities and Exchange Commission's approval to trade under the Generic Listing Standards. The Grayscale SEC news is marking an important step for the crypto investment industry. 

The fund will be the first multi-crypto exchange-traded product (ETP) in the U.S. that is giving investors access to a basket of major digital assets including important assets like Bitcoin (BTC), Ethereum(ETH), XRP, Solana and Cardano(ADA). 

Recently, the CEO of Grayscale, Peter Mintzberg has announced on X (formerly twitter), noting that the team is working “expeditiously” to bring this product to market. He also thanked the SEC’s Crypto Task Force for its role in offering much-needed regulatory clarity at a time when demand for regulated crypto products continues to grow.

Source: X

SEC Eases the Path for Crypto ETFs

The Grayscale SEC approval of GDLC coincided with a broader regulatory move. On Wednesday, the S.E.C also approved on an accelerated basis, generic listing standards for crypto- ETFs. 

These standards focus to simplify and speed up the approval process for new crypto-funds and reduce the barriers that have long slowed down innovation in this space.

“This approval helps to maximize investor choice and foster innovation by streamlining the listing process and reducing barriers to access digital asset products within America’s trusted capital markets,” SEC Chair Paul Atkins said in a statement.

Crypto market analysts believe that the change could lead to a surge in new ETFs. Bloomberg Senior ETF Analyst Eric Balchunas pointed out that when data similar listing standards were adopted in the past, ETF launches tripled. He suggested that there's a good chance we will see more than 100 crypto ETFs launched in the next 12 months.”

Grayscale’s Broader ETF Push

The firm is slowly expanding its Exchange Traded Funds efforts beyond Bitcoin, Ethereum and Cardano. As earlier this month, on September 9, 2025 the company filed a form S-3 for a BTC ETF along with document registration for Bitcoin Cash and Hedera products. 

Those filings remain under SEC review that is showing the regulator’s more cautious approach toward altcoin based products. 

Conclusion

The approval of GDLC combined with the SEC’s move to streamline ETF listings shows a growing acceptance of digital assets in regulated markets. While some filings are still pending. These developments suggest that investors could soon see a wave of new crypto-ETFs which are offering broader exposure and greater choice in the months ahead.